S
tock Futures Rise Ahead of U.S. Inflation Data — and What else is Happening in the Stock Market Friday Stocks were inching higher ahead of key inflation data. Markets are now considering when in 2022 the first Federal Reserve interest rate hike will come.
The consumer-price index will hit the wires at 8:30 Friday morning and economists are expecting prices to rise 6.8% year-over-year, which would be higher than the prior reading of 6.2%. A combination of soaring consumer demand this year and supply chains’ inability to meet that demand has caused prices to surge.
Markets have been quick to reflect the chances that an abrupt change in monetary policy could dent economic growth. Short-term Treasury note rates have risen, while long-dated bond yields, which often forecast longer-term economic demand and inflation have fallen. The S&P 500 and Dow are both trading below their all-time highs hit in November.
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